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The majority of Fed members forecast three interest rate hikes in 2022 to fight inflation
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The majority of the Federal Reserve sees three interest rate hikes in 2022, according to the central bank's so-called dot plot of projections.
Wednesday's forecast showed 12 FOMC members expect at least three rate raises next year. Five members expect two rate hikes and one member expects one hike in 2022.
That's up from September's forecast where half of the Fed members saw at least one hike in 2022.
Every quarter, members of the committee forecast where interest rates will go in the short,
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